Jonathan Firestone, Stephen Somer, Adam Edwards and James Muhlfeld
Jonathan Firestone, Stephen Somer, Adam Edwards and James Muhlfeld
Managing Directors at Eastdil Secured
Eastdil Secured’s West Coast operation has been one of the heaviest hitters in the debt and equity and investment sales advisory space for some time.
From the asset classes deemed winners of the pandemic to those that have more questions shrouding them, Eastdil Secured has been involved in some of the West’s largest and most high-profile transactions. Those deals include large financings on Netflix and Amazon film studios in Los Angeles and the recent $700 million sale of a sizable medical office and life sciences portfolio owned by IRA Capital.
Led by Jonathan Firestone and James Muhlfeld on the debt and structured finance side, and Stephen Somer and Adam Edwards on the investment sales side, the team runs the gamut, covering ground up and down the West Coast and in the Southwest.
Firestone has spent almost the entirety of his 20-year career with Eastdil, advising on more than $140 billion in commercial property transactions over that period and establishing connections in the U.S. and in Europe.
Muhlfeld joined Eastdil in 2007, and since has been involved in about $80 billion worth of real estate financings and loan sales across every property type. More than $20 billion of that volume has been concentrated in the hospitality space, and $30 billion has been in industrial and logistics.
Edwards and Somer joined Eastdil in 2002 and 2003, respectively, and their fingerprints can be found on some of the largest office, film studio and portfolio sales transactions that Eastdil has been tapped to work on over the last 12 months. Prior to moving into his current role, Somer was based in London for three years, running the firm’s European and Middle Eastern operations.
Overall, in the last 12 months, Eastdil’s L.A.-based group has closed around $4.5 billion in equity transactions, almost $4.7 billion in total sales and joint venture placements, and $28.7 billion in debt financings — most of which are in the industrial and office spaces. — M.B.
